On February 6, the financial news agency reported (edited by Feng Yi) that Hong Kong stocks continued to rise today, with the three major indices all climbing and reaching new highs in the phase, reflecting a strong bullish sentiment in the market. By the close, the Hang Seng Index and the National Index rose by 1.43% and 1.64% respectively, while the Hang Seng TECH Index performed best with a 2.62% increase.

Let's look at today's market hotspots: Technology stocks pushed up, with XIAOMI-W continuing to reach new highs, and the short-selling willingness of the bears diminished after the holiday; The heat of AI is spreading toward application scenarios, and Consumer stocks strengthened as the market digested tariff disturbances; Foreign capital has sounded the new round of bullish trumpet, with the Hong Kong and A-share markets linked and strengthening.

[Technology stocks pushed up, with XIAOMI-W continuing to reach new highs; the short-selling willingness of the bears diminished after the holiday.]

On the盘面, large technology stocks collectively attacked today, with XIAOMI-W continuing to reach new historical highs, driving market sentiment. At the close, NetEase rose by 1.5%, Alibaba by 1%, JD.com, Tencent, and Kuaishou all saw increases, while Baidu and Meituan declined.

In other hotspot areas, financial stocks were collectively active and boosted those beginning with the Middle Letter, while Semiconductors, Autos, and Consumer Electronics industries continued to rise.

In addition, sectors such as Military Industry, Pharmaceuticals, Dining, and Aviation also saw rallies, with the AI Concept continuing to dominate the market. Among the declining sectors, Macau Casino stocks adjusted consecutively, and the Pork Industry corrected.

Overall, after a strong rise today, the Hang Seng Index refreshed its year-to-date high, indicating that a new round of upward trend is brewing.

The only downside is that today the Hang Seng Index had a total turnover of 178.447 billion HKD, still requiring incremental capital to push further.

Today, the total short-selling amount reached 18.32 billion HKD, accounting for 10.27% of the Hang Seng Index's turnover. In the short term, the short-selling sentiment post-holiday appears to be relatively restrained.

XIAOMI-W, BYD Company, and Alibaba-W are the top three in short-selling amounts, which are 1.509 billion HKD, 1.252 billion HKD, and 1.059 billion HKD respectively.

[The enthusiasm for AI is diffusing into application scenarios, leading to a strengthening of consumer stocks as the market digests tariff disruptions.]

In terms of market trend, today the overall market showed a pattern of broad gains, with the enthusiasm for AI diffusing into sectors such as Autos, Consumer Electronics, and Semiconductors.

Especially in terms of news, BYD will hold an intelligent strategy press conference at its headquarters in Shenzhen, focusing on the latest developments of its advanced intelligent driving assistance system, "Eye of God."

In addition, it has been reported that top global AI scientist Xu Zhuhong has officially joined Alibaba as Vice President of the Alibaba Group, responsible for multimodal foundational models and Agents-related basic research and application solutions for AI To C business. Huawei's ModelEngine has also announced support for the full series of DeepSeek local deployments.

As the market's enthusiasm for AI this week shifts from large models to AI applications, industries related to AI may be catalyzed and are worth investors' continued attention.

On the other hand, the market has begun to gradually digest the disruptions caused by Trump's tariff policy.

Galaxy Securities stated that recently, the USA announced a 10% tariff increase on Commodities imported from China. Looking back, during the last round of trade friction, the market share of leading companies in consumer exports was not significantly affected, but rather achieved growth through the construction of overseas capacity during the capacity transfer process. The impact of tariffs is more reflected in short-term price and profit levels, and it is gradually being digested during the implementation of overseas capacity.

In terms of trends, today the industries focused on exports such as home appliances and autos saw significant gains. It is also worth mentioning that domestic consumer stocks in pharmaceuticals, dining, film, and Dairy Product have started to strengthen.

[Foreign capital sounds the trumpet for a new round of bullish sentiment, Hong Kong and A-shares strengthen together]

However, the most noteworthy aspect today is the significant change in foreign capital's view on China's Assets.

On Tuesday, Goldman Sachs highlighted in its Research Reports that the MSCI Chinese Index has a 14% upside potential this year, and the next day, Deutsche Bank also joined the bullish ranks.

Among them, Deutsche Bank's latest report further stated that Deepseek has proven the value of Chinese intellectual property. China's advantages in high value-added sectors and its dominant position in the supply chain are expanding at an unprecedented speed.

The above news has rapidly fermented in both the Hong Kong and A-shares markets today, driving bullish sentiment. The A-shares rebounded significantly throughout the day, with the Chinext Price Index leading the rise, highlighting the popularity of hard Technology Assets.

The total turnover of the Shanghai and Shenzhen stock markets reached 1.54 trillion, an increase of 245.8 billion compared to the previous trading day. On the market, over 4,800 stocks in the All Market rose, with more than a hundred stocks hitting the limit up or rising over 10%, with the DeepSeek concept continuing to show strength.

Overall, after digesting a series of news during the Spring Festival, the Hong Kong and A-share markets gradually returned to the "right track".

Meanwhile, Goldman Sachs has become more Bullish on Chinese technology stocks. Goldman Sachs believes that after being revalued, there is a 20% profit opportunity in Chinese technology stocks, and stocks in the soft technology sector will lead the market more, with the overall growth of the Chinese stock market potentially reaching 7%.